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DrewDown.
The bottom half of the page covers exchange fees. The exchanges classify people as professional or non-professional. If trading live with Topstep you pay the professional exchange fee of $85 per exchange. I understand that this is because you are trading other peoples money (The TST equity partners account, rather than your own account), which is one of the CME classifications for a professional trader. https://topsteptrader.desk.com/customer/portal/articles/1971631-funded-account-fees
pipandrun- We offer ICE and Eurex products to trade for Funded Traders after their 10th trading day. Currently, we do not offer this in the Trading Combine, but will update when they become Combine available.
Thanks. Is this a bigger problem to offer the FDAX in the combine, when you already have it later in the funded time? For CET traders mainly currencies are left to trade "in the morning".
Fourth-No. All trades will not be automatically flattened. It is up to the traders to ensure they are flat in the Combine and the funded account.
Fifth- At this time, all funded trades must be flattened by 3:10 pm CT
I hope this helps, let us know if you have any other questions.
Regards,
Hoag
If you have any questions about our Trading Combine or the opportunity to get funded through TopstepTrader, please visit www.topsteptrader.com or contact us at [email protected] or 888.407.1611.
Hi Hoag ,
Thanks for your reply to my most recent post
I did have a few more questions that I'd like to ask you please.......
1. How many different Products can I trade at the same time during both the Combine and as a Funded Trader ?
Could I trade CL, ES, SI and ZS all at the same time Or would I have to have a Combine designated solely to each product to trade ( so 4 separate combines ) ?
I ask, because I sometimes get entry signals on 3 - 4 products on the same day, and would like to be able to enter these trades all at once if the signals for entry are there
2. I know that if Funded, the Trader is liable for paying the exchange fees,
an with trading CL on NYMEX, GC on COMEX and say ZB on CBOT , that each exchange costs $85 per month.
This can add up to quite an expense per month if trading 4 different products on 4 different exchanges.
Trying to decide on which products to narrow down my trading to
3. Is there a way ( through Ninja Trader ) to close out of my positions via my smartphone ?
Sometimes I'm not at home in front of my computer at 3:10 p.m. cst. to close out of my trades, and have to do so from my smartphone.
Just wondering if there's a way to do so through TopStep/NinjaTrader ?
4. If during the combine you opt to only trade YM and pass that combine and then get funded ..... can you only trade the YM once you become funded , or will you be allowed to add 2 to 3 more products to your trading list ( ZC, GC and NG ) for example ?
5. Once Funded ..... how many trades do you have to make on a per month basis ?
Or does it just come down to not exceeding your Max daily Loss / Overall max drawdown ?
And you just needing to keeping showing a profit of X amount per month ?
5. And lastly, I know that you can use a demo account with NinjaTrader during the combine that doesn't costs anything ,
but how about when you are funded.... who pays for that and how much would that costs on a per month bases ?
Hoag and Michael,
I really appreciate the two of you starting this thread and for helping and answering the questions from all aspiring TopStepTraders such as myself
Feel free to give us a call with any questions too.
First, You can trade as many allowed products as you want. The rules state that in order to succeed in meeting the rules, each product you trade must have a trading average greater than $0, so choose your products wisely.
Second, yes, the exchange data fees are something to consider and can add up to being a little pricey, again, choose your products carefully.
Third, our funded traders are required to trade from only their desktop and must be present when there are live trades on.
Fourth, Once you are funded with one product you may add other products after your tenth day of trading in your funded account.
Fifth, Once funded there are no profit targets and we only require 10 trading days traded every 60 calendar days
Sixth, Platform costs are always the responsibility of the trader. NinjaTrader has special discounts for TopstepTrader funded traders. NinjaTrader Charting Software & Trading Platform: Purchase Options T4 platform fees are part of the commission structure, but an of the other platform fees are yours.
Thanks again for the questions and trade well.
Hoag
If you have any questions about our Trading Combine or the opportunity to get funded through TopstepTrader, please visit www.topsteptrader.com or contact us at [email protected] or 888.407.1611.
If I were an investor, where can i invest in your concept? Where do I even know that there is the possibility to invest in retail traders work? I can only find advertisement for traders to be funded, but not for the chance to invest. Thanks.
Thanks for your interest. Unfortunately at this time, we're not currently accepting any new investors. We have had interest in the past, so we do keep a notification list for if/when we do open up for new investment. If you would like to be included on this list, please email [email protected] requesting so. Again, thank you for your interest.
Hoag
If you have any questions about our Trading Combine or the opportunity to get funded through TopstepTrader, please visit www.topsteptrader.com or contact us at [email protected] or 888.407.1611.
TopStepTrader So if I got funded would I have to buy a Ninjatrader license for about a thousand dollars? If I wanted to use R/Trader how much would that be per month? Would I have to pay to use R/Trader for the combine and how much?